And crude is soaring again so Diesel rates to jump again tomorrow.
I wonder when farmers get the message that Trump does not exactly have their interest in mind.
His big concerns at the moment are the ballroom and ducking the fallout from the Epstein files.
Energy Futures
Oil is up another $2.84 as I type, heading back towards the $90 level.
The AAA prices do not reflect this jump. So, if this sticks, we could easily see a ten cent jump in the price of diesel tomorrow.
But that’s OK.
Q: Why?
A: Trump says it’s a tiny price to pay.
Meanwhile, debt is soaring, Bessent is manipulating the bond market, and the strait is closed.
Related Posts
August 19, 2026: Debt topped $40 trillion today. But let’s discuss what really matters.
What market manipulation is next? Diesel crack spreads?
August 19, 2026: US Debt Tops $40 Trillion, the Pace Is What’s Most Alarming
Debt topped $40 trillion today. But let’s discuss what really matters.
To understand why diesel is rising much faster than the price of gasoline, please see US Diesel Crack Surpasses $100 a Barrel for the First Time, Farmers Suffer
Record high crack spreads. Serious economic ramifications.
The short answer is there is a shortage of global refining capacity. Bond manipulation sure will not fix that.
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